Global Glue-applied Labels Market: Overview
The global glue-applied labels market is envisioned to secure an impressive position and sustainable percentage share while operating in the worldwide labels industry. This could be due to the rise in the demand for sleeve and pressure-sensitive labels. Retail outlets are expected to continue to popularize glue-applied labels in the coming years. The growth of the market could be fortified with the massive launch of new products by different companies encouraging packaging firms to adopt technologically developed glue-applied labels.
In this report, the authors provide a distinct evaluation of the global glue-applied labels market on the part of key factors such as growth drivers and deterrents, vendor landscape, segmentation, and future projections. Statistically, this account of the market could help readers to take accurate and intelligent decisions in their individual businesses. With the help of this comprehensive guideline, players are expected to take confident strides toward their success in the market.
Global Glue-applied Labels Market: Dynamics
The world glue-applied labels market is envisaged to collect ample of growth prospects on its way through to the forecast period 2017–2022. Opportunities could take shape on the back of the rise in the substitution of metal cans and glass bottles with plastic bottles. However, the growth of the market could be challenged by the decent growth of alternative forms of packaging labels discouraging the demand for glue-applied labels. Nevertheless, the escalation in the demand for sustainable labels could be one of the trends crucial for the growth of the market.
In order to sustain their brand in the world glue-applied labels market, companies are foreseen to opt for novel packaging options with unique labeling formats and features.
Global Glue-applied Labels Market: Segmentation
The international glue-applied labels market is prognosticated to be classified according to three categories, viz. face stock material, layer, and application. In terms of face stock material, the market could see a classification into paper, polypropylene, polyethylene, and polyethylene terephthalate (PET). Amongst these segments, paper is anticipated to strike gold with its larger share of US$14.2 bn by the end of 2022.
With respect to type of layer, the international glue-applied labels market could be segmented into laminated and non-laminated. As per application sector, the market is predicted to be segregated into food and beverage, pharmaceutical, tracking, logistics, and transportation, home and personal care, semiconductor and electronics, retail labels, and other products.
In view of regional segmentation, Asia Pacific except Japan (APEJ) is prophesied to hold a greater share in the international glue-applied labels market. By the completion of the final forecast year, APEJ could garner a revenue of US$9.6 bn. Japan and the Middle East and Africa (MEA) could be on the slower side of the market. However, there could be opportunities prevailing in North America, Europe, and Latin America, besides APEJ.
Global Glue-applied Labels Market: Competition
The worldwide glue-applied labels market is expected to incorporate leading players such as Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Henkel, Lintec, Inland Labels, 3M, and WS Packaging Group, Inc.
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